Sci-tech

Weatherford International Plc (NYSE:WFT) Shorted Shares Increased By 22.56%

During the same period last year, the company posted ($0.39) earnings per share. equities research analysts forecast that Weatherford International PLC will post -1.02 EPS for the current fiscal year.

State of Wisconsin Investment Board decreased its position in shares of Weatherford International PLC (NYSE:WFT) by 5.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 57 funds opened positions while 106 raised stakes.

In terms of Buy, Sell or Hold recommendations, Weatherford International Ltd (NYSE:WFT) has analysts' mean recommendation of 2.1. Riggs Asset Managment reported 0.01% of its portfolio in Weatherford International plc (NYSE:WFT). Swiss Commercial Bank holds 3.40 million shares or 0.02% of its portfolio.

On the other hand the company has Relative Strength Index (RSI 14) of 41.47 along with Average True Range (ATR 14) of 0.2, Consequently Weatherford International Ltd (NYSE:WFT)'s weekly and monthly volatility is 5.68%, 4.93% respectively. Weatherford International Plc (NYSE:WFT) last issued its quarterly earnings data on Friday, April 28th. Td Asset Mngmt Inc reported 0% stake. Hudock Cap Ltd Liability Company holds 0.38% or 29,995 shares. Schneider Cap Management Corp, a Pennsylvania-based fund reported 5.81M shares. Resolution Cap accumulated 542,990 shares or 0.72% of the stock. Moreover, Northwestern Mutual Wealth Mgmt Com has 0% invested in Weatherford International plc (NYSE:WFT) for 19,801 shares. California State Teachers Retirement Sys accumulated 1.72M shares. Walleye Trading holds 0.01% or 398,094 shares in its portfolio. Tudor Invest Et Al holds 288,512 shares or 0.03% of its portfolio.

The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $3.48B. The target price means a potential upside of 49.70 % from the last stock price of Weatherford (NYSE:WFT). BMO Capital Markets has "Buy" rating and $5.5 target. Pinnacle Associates Ltd. boosted its holdings in Weatherford International by 6.6% during the second quarter. The stock of Weatherford International plc (NYSE:WFT) has "Outperform" rating given on Monday, January 11 by Wells Fargo. Therefore 77% are positive.

Weatherford International Ltd (NYSE:WFT)'s revenue estimates for the current quarter are $1.5 Billion according to 22 number of analysts, for the current quarter the company has high revenue estimates of $1.53 Billion in contradiction of low revenue estimates of $1.49 Billion. The stock has a consensus rating of "Buy" and a consensus price target of $6.07.

Receive News & Ratings for Weatherford International Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weatherford International Plc and related companies with MarketBeat.com's FREE daily email newsletter. The stock of Weatherford International plc (NYSE:WFT) has "Buy" rating given on Wednesday, January 18 by Suntrust Robinson. The stock of Bank of America Corporation (NYSE:BAC) earned "Neutral" rating by UBS on Wednesday, August 26. The firm earned "Buy" rating on Tuesday, December 5 by Raymond James. The Hawaii-based Ckw Group Inc Inc has invested 0% in Weatherford International plc (NYSE:WFT). The firm has "Buy" rating by Boenning & Scattergood given on Monday, November 6. Credit Suisse maintained it with "Outperform" rating and $13 target in Friday, September 4 report. The firm has "Buy" rating given on Wednesday, July 13 by Berenberg. The stock has "Buy" rating by Loop Capital on Friday, February 3. The stock decreased 4.51% or $0.15 during the last trading session, reaching $3.29. Weatherford International PLC has a 12 month low of $3.08 and a 12 month high of $7.09. It has underperformed by 14.55% the S&P500. Seaport Global upgraded Weatherford International plc (NYSE:WFT) on Friday, May 6 to "Buy" rating. In analysts report sent to investors and clients on Thursday morning, Weatherford (NYSE:WFT) shares have had their Hold Rating kept by investment analysts at Jefferies.

Weatherford International public limited company, together with its subsidiaries, operates as a multinational oilfield service firm worldwide. During last 3 month period, 4.73% of total institutional ownership has changed in the company shares.

Weatherford International is one of the world's leading providers of equipment and services used for the drilling, completion and production of oil and natural gas wells. The firm operates through three business groups: Formation Evaluation and Well Construction, Completion and Production, and Land Drilling Rigs. Bizjournals.com's article titled: "5 things to know in Texas energy this week" and published on December 04, 2017 is yet another important article.



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